Cattle ban at the border sparks beef shortages and plant closures [Los Angeles Times (CA)]
Tyson Foods, Inc. (TSN)
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Source: Los Angeles Times
The border closure is expected to keep beef prices elevated as cattle supplies at feedlots hit their lowest levels in more than a decade. Reopening the southern border to Mexican cattle shipments is seen as key to easing prices, though rebuilding the depleted U.S. herd is also critical. American beef plants are under threat as the number of cattle destined for their facilities stays far below historical levels, reflecting the smallest herd in more than half a century. Cattle placed in feedlots, where animals are fed until ready to be slaughtered, are expected to have dropped in November to the lowest levels for the month since 2015, according to a Bloomberg survey of analysts. The data comes after cattle placements for October — typically the strongest month — were at the lowest level on record for the period. The situation, exacerbated by an ongoing halt of Mexican cattle shipments to prevent the spread of the deadly screwworm pest, is a major stress for beef processors that
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